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12/14/2011 1:15PM

Liz Taylor's Necklace Sells for $11.8 Million

A pearl necklace given to the late actress Elizabeth Taylor by her onetime husband Richard Burton sold for $11.8 million at Christie's New York on Tuesday-a record price for any pearl ever sold at auction. Kelly Crow has details on Lunch Break.

This transcript has been automatically generated and may not be 100% accurate.

I ... how all I think a ... I it I've never seen a sixty day ... and they show ... they did last ... telling everyone got dolled up your hat ... at the debate is playing ... people didn't turn out for her ... they've totally bought it the envy of the glamour and danger lately and I went back console the skin should try to hit tennis is ... rated TV that has really been a bit of a meeting with reason for the first thing ... word charm great that she bought when Shrewsbury town they were maybe estimated two to three thousand dollars in return for a three to four hundred thousand dollars I mean actress Jennifer tele was there when firm and ... a lot of people came out and getting away for Christmas presents and everything out ... and that many sellers lately ... yes I think is that this is the necklace in particular this is out on the episode is given to her by her husband Richard Burton it was an awesome adapted his brother of the Peregrine and its great story it was ever to hit its ... bottom line by Wade ruling bodies freed up with a typically are owned by St of finishing breaking out the back in ... town and then to Britain ... for his wife Elizabeth Taylor and an elite sixty feet high or ... think about three or four thousand dollars for your four hundred that they did the other knowing where eleven point eight million dollars a day though ... insisted they added that the rate that he gave her that it ... sold for ... about eight point eight million dollars ... a share and had a lecture ... that's about ... sixty five thousand dollars a share if ... I knew I had a really cool things down under for his birthday which are very different ... Haldeman and ... I'm not fooled for about a twenty million dollars well I mean just on the night that leads from diamond brooch and yet here he says to ... me she just laughed ... laughed loudly and ... laughing with yet assembling admitting that it just it really really well I describe these prices I know the necklaces sounds like Philbin episode for a lot more than what what was expected what did they have had the ball park ranger going or roughly ... that natural gas the activated to prevent Italy to predict the weather played a team that just shows you that support the three previous quarter ... I'm for jury right now but certainly if it has agreed with the backstory to the people to get swept up in the run and that it has denied that they want ... I mean having any work on Fed would it be so glamorous to wait out the theory ... is that it is the enemy ... I think she's just one of the icons that people ... yet the splurge for now noticing where sales over the next ... three or four days of red there ... the piece is her passion for lower was lactic that add to that Valentina analysts are now down ... she with her great kicking a unanimous that these these great Egyptian revival downs added Egyptian revival down yet I didn't really cheap trick the oven to the team can ever remember not being famous and now ... I mean she does with all is over the top of the color palette ... what I think it is a fantasy on a black velvet Scorpio evening Kate ... that she famously wore to ... Grace Kelly forty birthday ... is really at that home is what the oath I allowed to my party she was not a Scorpio ... Richard Burton was the Scorpions with butter this case ... with this big diamonds that of Scorpio French Industry Purcell an enlightening seeking to block anything with your favorite piece personally of the night ... well I let this there was a very sweet he's ready to start ... eating had collected all of these ... the ... famous eighteenth or nineteenth century ivory operate at ... between twenty top ranks of me that I read the data that ... she'd given it to I was that during her well ... was that I really thought it had asserted the I'm you know ultimate mother and so he's he's just seemed a sentimental very you know what that green goddess and the other pieces ... went on and try to get it as everybody else didn't the RIM I Want Nelson's one on for how long and it had been a three-day time to be there probably get